Section 13-11-2-142.3 - "Nonprofit corporation""Nonprofit corporation", for purposes of this chapter and IC 13-25-4-8, refers to a nonprofit corporation:
(1) that is exempt from income taxation under 26 U.S.C. 501;(2) for which the primary purpose, as identified in the corporation's articles of incorporation, is to assist and support a political subdivision in a matter of public concern; and(3) that has no member affiliated with any other person that is potentially liable for response costs at a facility through any of the following:(A) A direct or an indirect familial relationship.(B) A contractual, corporate, or financial relationship other than a contractual, corporate, or financial relationship that is created:(i) by the instruments by which title to the facility is conveyed or financed; or(ii) by a contract for the sale of goods or services.(C) The result of a reorganization of a business entity that was potentially liable for response costs at the facility.As added by P.L. 221-2007, SEC.2.